An Airbus A320 passenger aircraft has reportedly crashed in the southern French Alps with all 148 people on board feared dead.

According to official reports, the plane, with 142 passengers and six crew on board, was traveling between the Spanish coastal city of Barcelona and the German city of Dusseldorf when it came down between Barcelonnette and Digne in southern France on Tuesday.

Germanwings, an affiliate of German airline Lufthansa based in Cologne, owned the aircraft, the reports added.

Sources said the ill-fated aircraft had issued a distress call at 10:47 a.m. local time (0947 GMT).

The company said it has received the reports of the incident, but cannot yet confirm it.

“We have recently become aware of media reports speculating on an incident though we still do not have any own confirmed information. As soon as definite information is available, we shall inform the media immediately,” read the statement issued by Germanwings on its Facebook page.

Meanwhile, French President Francois Hollande said there are likely no survivors in the Airbus crash.

His remarks were echoed by the French Minister of State for Transport Alain Vidalies, who said, “there are no survivors” from the Germanwings plane.

“A distress call was registered at 10:47. The distress signal showed the plane was at 5,000 feet in an abnormal situation,” the minister added.

According to French Interior Minister Bernard Cazeneuve, the debris from the plane had already been found near a village.

Following the crash, Airbus’s stock lost 1.77 percent of its value and slumped to 58.94 euros at 1100 GMT.

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